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The Australian stock market has been showing resilience, with the ASX200 up 1% at 8405 points, nearing record highs thanks to positive influences from Wall Street. In this context, penny stocks—often smaller or newer companies—continue to attract attention for their potential to offer growth opportunities. Despite being considered a niche area now, these stocks can provide significant returns when backed by solid financials and strategic positioning.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
LaserBond (ASX:LBL) | A$0.59 | A$69.16M | ★★★★★★ |
Embark Early Education (ASX:EVO) | A$0.81 | A$148.62M | ★★★★☆☆ |
Helloworld Travel (ASX:HLO) | A$2.00 | A$325.64M | ★★★★★★ |
SHAPE Australia (ASX:SHA) | A$2.88 | A$238.78M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.54 | A$334.88M | ★★★★★☆ |
MaxiPARTS (ASX:MXI) | A$1.89 | A$104.55M | ★★★★★★ |
Navigator Global Investments (ASX:NGI) | A$1.65 | A$808.63M | ★★★★★☆ |
GTN (ASX:GTN) | A$0.4475 | A$87.7M | ★★★★★★ |
Atlas Pearls (ASX:ATP) | A$0.15 | A$65.35M | ★★★★★★ |
Servcorp (ASX:SRV) | A$4.80 | A$473.59M | ★★★★☆☆ |
Click here to see the full list of 1,046 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Aurora Energy Metals
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Aurora Energy Metals Limited is involved in mineral exploration activities in the United States and has a market cap of A$10.92 million.
Operations: The company generates revenue from its exploration activities, amounting to A$0.11 million.
Market Cap: A$10.92M
Aurora Energy Metals Limited, with a market cap of A$10.92 million, is a pre-revenue company engaged in mineral exploration in the United States. Despite being debt-free and having no long-term liabilities, it faces financial challenges with less than one year of cash runway and increasing losses over the past five years at 38.8% annually. The company's share price has been highly volatile recently, reflecting its elevated weekly volatility from 18% to 26%. Recent earnings announcements showed a reduced net loss of A$2.36 million for the year ended June 2024 compared to A$5.66 million previously, indicating some improvement despite ongoing unprofitability.
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Take a closer look at Aurora Energy Metals' potential here in our financial health report.
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Understand Aurora Energy Metals' track record by examining our performance history report.
Energy Metals
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Energy Metals Limited is a uranium exploration company based in Australia with a market cap of A$22.02 million.
Operations: The company's revenue is derived from Uranium Exploration, amounting to A$0.02 million.